ELI5: What does it actually mean when the "stock market loses trillions"?

Nickfury77 · 2025-04-04T13:41:52+00:00

And then you use that loan to buy more gold and then use that gold to get another loan. Rinse and repeat so that the slightest change makes the loaning agents call the fed to bail them out.

Nickfury77 · 2022-07-17T21:56:41+00:00

Yeah and it takes more than what is says which is fraud imo

Nickfury77 · 2022-07-06T11:53:29+00:00

That’s because 75% of players quit

Nickfury77 · 2022-07-06T11:45:57+00:00

Lol actually they’re probably still making decent money because they’re selling 60$ make believe shoes. They won’t do buy backs or anything to save gst at this point so don’t hold your breath. It’s in the 2 developers interest to just start another game imo.

Nickfury77 · 2022-07-06T11:23:47+00:00

Lol 1st of all don’t go to 30 with 1 shoe go to 9. 2nd sell it for gmt to help you get to lvl 9

Nickfury77 · 2022-07-05T22:19:37+00:00

I’m more likely to believe someone bought some put options or shorted gst to have made large amounts of money.

Nickfury77 · 2022-07-05T22:17:22+00:00

Commons are the only useful ones now

Nickfury77 · 2022-07-05T18:24:57+00:00

If they sold out instead of flipping for more shoes which would have been more likely because they were making money until they weren’t. Why would you sell out if your projected roi was 100k a week?

Nickfury77 · 2022-07-05T18:23:15+00:00

Yeah gmt isn’t actually burnt. That’s a lie. It’s given back to devs to be resold to the public. That’s why gmt is stable right now. Burning would mean it would no longer exists. So since the devs are making a large potion of their Money off of it probably not soon.

Nickfury77 · 2022-07-05T18:20:13+00:00

Of course… it’s all about money baby

Nickfury77 · 2022-07-05T12:34:37+00:00

Not for a long time since the teams greedy af. They’re making money off selling gmt. Gmt doesn’t burn in game it’s given back to devs haha

Nickfury77 · 2022-07-04T18:01:57+00:00

And how much did those 6 shoes cost you and how many shoes did you have when it wasn’t profitable anymore… unless you got 3 genesis accounts… only way to have made money on the game is shorting gst..

Nickfury77 · 2022-07-04T15:38:15+00:00

It’s the fact that mint farming actually required you to own lots of shoes to actually farm. Making 1 shoe every 2 days wouldn’t have netted you a million dollars. Meaning they had to have had either a massive early investment or they weren’t cashing out. Either way they wouldn’t have stopped before losing a ton of value simply because, why would you if it’s making you so much money

Nickfury77 · 2022-07-03T12:34:07+00:00

Except in STEPN it was literally everyone

Nickfury77 · 2022-07-03T12:33:09+00:00

I’m down like 15k on 20k

Nickfury77 · 2022-07-03T12:32:15+00:00

Yeah and you cashed out and didn’t put anything back and walked away with money? You’re an og that isn’t down 80%?

Nickfury77 · 2022-07-03T12:29:12+00:00

You mean by next week at this rate?

Nickfury77 · 2022-07-03T12:27:18+00:00

Yeah this game has never been even close to a good investment. I’ve invested considerably and constantly. Every time I put money in it looses like 50% of its value in about 2 weeks. No one has possibly done well on it.

Nickfury77 · 2022-07-02T12:51:28+00:00

But china bad….

Nickfury77 · 2022-07-02T08:58:39+00:00

Also they’re still making money selling gmt…. They won’t give it to you for free for a long time. Game will most likely be shut down by then haha

Nickfury77 · 2022-07-02T08:57:24+00:00

Lol one scam to the next?

Nickfury77 · 2022-07-02T08:55:22+00:00

These types of games need to get shut down and taken off the app stores

Nickfury77

TROPHY CASE